Free Trial

Lacking Direction Friday's......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Lacking Direction
Friday's bearish reversal formed a base ahead of 0.8530, but has so far lacked
direction. Bulls need to recover the Mar 21 high at 0.8723 to put the focus back
on the topside and open the potential of a return to the 100 & 200-dma's at
0.8801/44. Bears remain in charge with a downside break of 0.8500 needed to open
a run at the Mar 13 ytd low of 0.8472. Below here would lend more weight to the
large topping pattern.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.